China’s Steel Industry Is In Crisis
Everyone thought a COVID-19-ravaged steel supply market in China took a turn towards recovery. However, many other hurdles now stand in the way, both long & short-term. Power cuts and Continue Reading
China’s Scorching Heat and Hydropower Missteps Test Nation’s Power Grid
Shanghai’s famous Bund went dark on Monday as authorities turned off the waterfront district’s decorative lights to save energy. China extended power cuts in some areas to cope with soaring Continue Reading
China Industrial Profits Drop 1.1% in First Seven Months of 2022
Bloomberg News Profits at industrial firms in China fell in the first seven months of the year as the economy continued to grapple with Covid disruptions and an ongoing slump Continue Reading
China July industrial profits down as COVID curbs, heatwaves hit
Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Continue Reading
US and China reach landmark audit inspection deal
Washington and Beijing have reached a landmark agreement that would allow US regulators access to audits of Chinese companies that are listed on American exchanges, in a deal that would Continue Reading
Soaring global LNG prices push India’s regasification plan off track
s High gas prices impede infrastructure growth India’s 2022 LNG imports set to drop 12% on year: S&P Global Rationing of supplies amid tight availability Lofty global LNG prices and Continue Reading
Exclusive: Some Chinese financiers cold shoulder Beijing’s property rescue call
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance Continue Reading
Mega-Polluter Australia Is Finally Becoming a Green Superpower
Australia is finally getting serious about emissions and green-energy companies from around the world are seeing an opportunity. Photovoltaic panels at a solar farm on the outskirts of Gunnedah, New Continue Reading
India Ramps Up Saudi Crude Purchases, But It’s Not A Gesture To Washington
India’s major shift in its oil purchasing pattern last month from Russia to Saudi Arabia is unlikely to be sustained. The scale and scope of the pivot towards Russia and Continue Reading
India’s Oil Production Fell 4% In July
Private firms and state-held Oil and Natural Gas Corporation (ONGC) pumped less oil from some of their fields in India in July, driving total domestic Indian crude oil production down Continue Reading